STX vs VXX: Correlation
How closely do Seagate Technology (STX) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.52, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STX and VXX?
Over the past 3 years, STX and VXX moved with a correlation of -0.52, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.51 lands near the 3-year figure. Over 5 years the correlation is -0.44, and the annualized covariance of weekly returns is -1620.6 %².
Out of 37 assets tracked against STX, VXX lands near the bottom at #37. Their recent paths diverged sharply: over the last 12 months STX outperformed by 460.5 percentage points (+410.8% for STX against -49.7% for VXX).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
STX vs VXX: side by side
| STX (Seagate Technology) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +410.8% | -49.7% |
| 5-year return | +1032.5% | -95.6% |
| Volatility (ann.) | 51.3% | 60.9% |
| Beta vs S&P 500 | 1.97 | -3.31 |
| Max drawdown (3Y) | -40.0% | -83.3% |
| Market cap | $192.0B | – |
| P/E (trailing) | 61.0 | – |
| Dividend yield | 0.35% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | STX | VXX |
|---|---|---|
| 2022 | -51.4% | -23.8% |
| 2023 | +69.1% | -72.5% |
| 2024 | +4.1% | -26.2% |
| 2025 | +225.3% | -42.2% |
| 2026 | +208.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STX and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.52 means the two rarely move for the same reasons.
FAQ
What is the correlation between STX and VXX?
The STX/VXX correlation stands at -0.52 on a 3-year window (1 year: -0.51, 5 years: -0.44), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for STX?
By historical standards, yes. A correlation of -0.52 means the two rarely move for the same reasons.
What does a correlation of -0.52 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/stx-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/stx-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: STX correlations · VXX correlations
